China’s opposition to the European Union’s Emission Trading Scheme (EU ETS), has prevented Lufthansa (LH) from obtaining rights to operate an Airbus A380 to Shanghai, LH chairman and CEO Christoph Franz said.
“The EU ETS is further increasing the already distorted level playing. We [the European airline industry] cannot accept retaliatory measures against the EU ETS in whatever form, landing rights or other. Some days ago, Lufthansa once again did not get the ...

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The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More